Commercial Metals Company (NYSE:CMC) saw an upside of 0.92% to $32.51 after adding $0.3 on Wednesday. The 5-day average trading volume is 746,161 shares of the company’s common stock. It has gained $33.25 in the past week. An average of 924,535 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 806,784.
CMC’s 1-month performance is 4.48% or $1.60 on its low of $28.76 reached on 09/20/21. The company’s shares have touched a 52-week low of $18.67 and high of $36.49, with the stock’s rally to the 52-week high happening on 08/13/21. YTD, CMC has achieved 56.82% or $11.89. However, the current price is down -10.92%% from the 52-week high price.
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On Aug 11, 63 days have gone by since the last insider trading activity for Commercial Metals Company (CMC). Smith Barbara (Chairman, President & CEO) most recently sold 25,000 shares at $34.91 per share on Aug 11. This transaction cost the insider $872,695. Chairman, President & CEO, Smith Barbara, sold 25,000 shares at a price of $33.06 on May 10. Then, on Mar 30, EVP & Chief Operating Officer Porter Tracy L sold 38,296 shares at a price of $31.32 per share. This transaction amounted to $1,199,603.
The company’s PE ratio for the last five years has touched a high of 78.52 and a low of 4.402. CMC stock has a beta of 1.29. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.65 while the price-to-book (PB) in the most recent quarter is 1.80.
Commercial Metals Company pays an annual dividend of $0.48 per share. Its dividend yield is 1.48% and the payout ratio is 17.80%. CMC’s most recent quarterly dividend payment was made on Jul. 14, when it paid $0.12 a share compared with prior rate of $0.12, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive year.
It is projected that Commercial Metals Company’s next ex-dividend date will be on 26-Oct-2021. CMC is expected to distribute $0.14 as its next dividend.
Commercial Metals Company’s quick ratio for the period ended May 30 was 2.00, with the current ratio over the same period at 3.00 meaning that CMC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.47, while the total debt to equity was 0.50. In terms of profitability, the gross margin trailing 12 months is 17.40%. The trailing 12-month EBITDA margin is 11.78% while for the period ending May 30; Commercial Metals Company’s operating margin was 7.90%. The firm’s gross profit as reported stood at $944.8 million against revenue of $5.48 billion.
For the quarterly period ending May 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 27.28% to $1.85 billion, while revenue of $1.46 billion was 20.75% off the previous quarter. Analysts expected CMC to announce $0.83 per share in earnings in its latest quarter, but it posted $1.04, representing a 25.30% surprise. EBITDA for the quarter stood at more than $221.12 million. CMC stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 2.23 billion, with total debt at $1.2 billion. Shareholders hold equity totaling $120.59 million
Let’s look briefly at Commercial Metals Company (CMC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 60.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.31%.
The stock’s 5-day moving average is $32.18, reflecting a +2.85% or $0.90 change from its current price. CMC is currently trading +4.41% above its 20-day SMA, +5.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.28% and +60.94% respectively.
Stochastic %K and %D was 71.52% and 74.08% and the average true range (ATR) pointed at 1.01. The RSI (14) points at 56.42%, while the 14-day stochastic is at 75.08% with the period’s ATR at 1.02. The stock’s 9-day MACD Oscillator is pointing at 0.40 and 0.57 on the 14-day charts.
In the most recent analyst report for Commercial Metals Company (NYSE: CMC), Goldman upgraded it to a Neutral rating. They previously had a Sell rating on the stock. Analysts offering their rating for CMC stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate CMC as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.
What is CMC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $32.00 and a high of $42.00, with their median price target at $34.00. Looking at these predictions, the average price target given by analysts is for Commercial Metals Company (CMC) stock is $35.43.